Per TMZ, the title will return to Cormier, and Jones faces a suspension that could last four years. Jones previously violated UFC’s anti-doping policy last year before UFC 200, when he tested positive for clomiphene and letrozole, and blamed the violation on a sexual enhancement violation.
It goes without saying that this is a bombshell, and a major blow to UFC given that Jones is one of their biggest stars.
UPDATE: ESPN reports Jones has not yet been stripped of the title:
CONFIRMED with Dana White: Jon Jones failed drug test at UFC 214. Per White, he hasn’t been formally stripped of title yet. Wow.
— Brett Okamoto (@bokamotoESPN) August 23, 2017